Credifi Helps Banks Gain Access to Out of Market CRE Loans

CRE loans hit their peak for banks right before the financial crisis in 2007, then prices started to crater by more than 30 percent in some cases; fintech startup Credifi is filling a need where banks can gain access to out of market CRE loans; Credifi lauched their platform in 2017 that helps connect borrowers to CRE lenders, Credifi charges banks a fee based on the number of platform users; their program is not for all banks, the Bank of Fayette County for example doesn’t need CRE loans outside their community and they fear the platform could create a race to the bottom when it comes to rates; the platform is helping to provide banks with greater transparency in the market overall and access to potential opportunities they would not see otherwise. Source.